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Property profile & analytics
FOR LEASE
Strip malls
990 N Germantown Pkwy 102, Cordova, TN 38018
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0476389
For Lease
$5,880/Mo
990 N Germantown Pkwy,Unit 102, Cordova, TN 38018
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
10,246 SF
Lot
0.99 ac (43,212 SF)
Zoning code
CA
APN
091-025- - -00025
UPID
US80-0476389
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
AAA Memphis Travel Agency
-
Green Bamboo Noodle House Restaurant
-
Faith Automotive Services LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.59M
Owner & transaction history
Chao Investment Company · 4 yrs held
Chao Investment Company
since 2022
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
CA · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cordova submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,370,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
$2,010,000
6.5%
$1,855,000
7%
$1,725,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,665,000
Current use
MEDICAL BUILDING
$1,515,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.65M (May 24 2022)
Last sale anchor
$1.65M
May 24 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$155 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$28,709
Tax year 2022
Assessed value
$471,280
Assessed 2023
Previous assessed
$471,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$259,280
Assessed improvement
$212,000
Land market value
$648,200
Improvement market value
$530,000
Total market value
$1,178,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2003
Heating
NONE
Cooling
NONE
Stories
1
Total area
10,246 SF
Lot
0.99 ac (43,212 SF)
Zoning code
CA
APN
091-025- - -00025
UPID
US80-0476389
Jurisdiction
SHELBY
Zoning & alternative use
CA · Cordova, TN
Zoning CA · permitted uses
CA · Cordova, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cordova. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Chao Investment Company
Entity
Mailing address
9668 LEEWARD SLOPES DR, LAKELAND, TN 38002-8293
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
$1,650,000
Chao Investment Company
Monopoly Properties LLC
Warranty Deed
$1,200,000 · First Horizon Bank
Feb 7, 2011
$800,000
Monopoly Properties LLC
Morgan Stanley Cap I 2005-hq7
Grant Deed
$825,490 · Trustmark National Bank
Oct 12, 2009
$1,128,000
Morgan Stanley Cap I INC 2005
Clift R Spencer
Trustees Deed
related
—
Aug 1, 2005
$2,340,000
Kapree Germantown LLC
Gill Ents
Warranty Deed
$1,850,000 · Lasalle National Bank
—
—
Monopoly Properties LLC
—
Deed Of Trust
related
$710,000 · Paragon Bk
—
—
Monopoly Properties LLC
—
Deed Of Trust
related
$250,000 · Paragon Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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